Xerox Names Brian Webb-Walsh CFO of Conduent Incorporated, its Post-Separation Business Processing Services Company
September 08 2016 - 2:00PM
Business Wire
Xerox (NYSE:XRX) announced today that Brian Webb-Walsh will
serve as chief financial officer of Conduent Incorporated, upon
completion of the separation of Xerox into two publicly-traded
companies at the end of the year.
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Brian Webb-Walsh, CFO of Conduent
Incorporated (Photo: Business Wire)
Webb-Walsh is currently the CFO for Xerox Services, responsible
for all financial aspects of the business. Previously he led the
finance function for the company’s government healthcare and health
enterprise businesses. During his career he also supported Xerox’s
large enterprise operations, global document outsourcing business
and litigation services. Additionally, he’s held senior roles in
investor relations and corporate financial planning and
analysis.
“Brian has nearly twenty years of experience with Xerox, strong
financial discipline, deep roots in the services business and a
keen understanding of how to advance opportunities in growth
markets,” said Ashok Vemuri, recently appointed CEO of
Conduent.
“Our improved portfolio focus on attractive growth markets and
leadership positions in key market segments make this an incredibly
appealing opportunity,” said Webb-Walsh. “I look forward to leading
Conduent’s financial strategy as the company seeks to create
shareholder value by driving profitable growth and margin
expansion.”
Webb-Walsh holds a Masters of Business Administration from
Rochester Institute of Technology, a master’s in accounting from
George Washington University and a bachelor’s in management from
the State University of New York at Geneseo.
With approximately $7 billion in 2015 revenue and 93,000
employees worldwide, Conduent will be a Fortune 500 scale business
process services company with expertise in transaction-intensive
processing, analytics and automation. Conduent’s differentiated
offerings touch millions of lives, including two-thirds of all
insured patients in the U.S. and more than half of all mobile phone
subscribers in the U.S. It will have the second-largest market
share in the business process outsourcing industry.
Additional Conduent leadership appointments will be announced at
a later date.
About Xerox
Xerox is helping change the way the world works. By applying our
expertise in imaging, business process, analytics, automation and
user-centric insights, we engineer the flow of work to provide
greater productivity, efficiency and personalization. Our employees
create meaningful innovations and provide business process
services, printing equipment, software and solutions that make
a real difference for our clients and their customers in 180
countries. On January 29, 2016, Xerox announced its plans to
separate into two independent, publicly traded companies – Xerox
Corporation, which will be comprised of the company’s Document
Technology and Document Outsourcing businesses,
and Conduent Incorporated, a business process services
company. The company is on track to complete the separation by the
end of 2016. Learn more at www.xerox.com.
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Xerox® and Xerox and Design® are trademarks of Xerox in the
United States and/or other countries. Conduent is a trademark
of Xerox Business Services, LLC in the United States and/or other
countries.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160908006459/en/
Media:XeroxSean Collins,
+1-310-497-9205sean.collins2@xerox.comorXeroxCarl Langsenkamp,
+1-585-423-5782carl.langsenkamp@xerox.com
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